ONEUSDT.P trade ideas
It leaves a long wick below the supportOn a 4-hour TF, It leaves a long wick below the support of $ 0.265 area that shows stop hunting and price rejection. The local resistance is $ 0.300 area and $ 0.325 - $ 0.335 area. The major resistance is the all-time high area near the $0.380 level. We may see more upward on ONE in the coming days and a retest of the all-time area.
Harmony Market Analysis Hi everyone if you like the idea or setup please give it a like and a follow
Heres a requested chart of harmony. We been trading in an ascending triangle before breaking it in Oct,2021 but unfortunately resistance turned to support did not hold up strong and market ended back in the triangle (purple line)
In the smaller timeframes (daily) market rejected $0.332 area multiple times and created an indecisive weekly candle, I will be watching the next candle carefully, but I see this as confluence for the push down to $0.19-$0.17, which will be our higher low compared to the previous low.
I’d personally see how price reacts at these zones for a possible buy entry
As always, Be patient, but don’t time the markets
Harmony has been progressing the final wave, at least 400%On daily chart , after BINANCE:ONEUSDT has made new ATH on 25 Oct and pullback for now.
Harmony is in the correction wave, which is more likely a flat wave because wave B = 0.9 Fib wave A. So ONEUSDT might be go down to 0.15 and bounce back.
After the correction wave will be done then ONE is going up to range 1.6 - 1.8
Conclusion, you can use DCA to earn profit at least 400% for last wave.
$ONE 1h bearish divergent for a chance of a quick good short.Bear and bullish divergent has been a good indicator so far. Combined with the possible head and shoulder on $ONE 1h time frame could be a good chance for a quick short. BTC possible local bottom might hinder the plan but considering the PA of $ONE these last hours, the leg up is near over.